Economy

Carrie Tolstedt, formerly in charge of the community banking unit, and the wirehouse's board were named in the litigation.

The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

The new exec replaces Randy Bluth who left the bank six months ago to pursue other opportunities.

The Institute for the Fiduciary Standard says the SEC and CFP Board have failed to define true client-first service. It aims to fill that gap with a new list.

On-demand, highly specialized and competitively priced: If it works for car sharing, why not for financial services?

The bank named a head of private wealth management for its northern California and Pacific Northwest region.

The new recruits come from from Merrill Lynch, Cetera and SagePoint Financial.

One of the recruits is an industry veteran with more than 30 years of experience.

One of the new recruits was previously affiliated with Raymond James as an independent adviser for about a decade.

Two are coming back to Mother Merrill, having worked there in the 1990s.

Sales agents and advisers interact very differently with clients, columnist Bob Veres says. Here's how to tell which category applies to you.

Only 18% of RIAs refrain from these key conflicts of interest, a new study by the Institute for the Fiduciary Standard found.

Advisers who impress senior management can sometimes walk away with bigger offers.

Advisers who impress senior management can sometimes walk away with bigger offers.

The advisory group decided that operating as an RIA was a better option.

Lincoln Investment will gain 350 advisers in its acquisition, which CEO Ed Forst foresaw 20 years ago.

The planner, who oversaw $132 million in client assets while at the wirehouse, is starting out on his own with help from Raymond James, the firm said.

The bank’s president Tim Sloan has been meeting with members of Congress and their staffs in Washington, said people with knowledge of the discussions.

Advisers who are attentive will find that they retain their books of business.

The firm is buying City Financial, where brokers oversaw approximately $4 billion, according to the company.